The meetings took place last Wednesday in Brasilia and began with the reunion with DEM deputies: Leur Lomanto Jr, Kim Kataguiri and Paulo Azi to discuss Azi's tourism project that deals with legalizing integrated resort casinos and that it is joined to project 442/91.
During the conversation, Feldman explained to MPs the need for full regulation of the gaming industry, not just the IR issue.
According to him, the subject has to be dealt in a broadly way. This is not about the release of casinos in Brazil, but the regulatory framework of the gaming industry.
“The regulation has to be complete; it has to be for the whole industry. It is the way we have to keep the rules clear and within a standard of ethics. Casinos must compete against CNPJ's and not against parallel operations. So the market has to be regulated as a whole and not just a part of it,” explained André Feldamn.
Following these meetings, the representative of the Caesars group was welcomed into the government's leadership in the House by Deputy Leader Joice Hasselmann, where he stressed the need for industry regulation.
According to Feldman, the conversation with Hasselmann represents the beginning of a work of rapprochement with the government as the 2020 budget begins to be discussed, and new forms of revenue are being sought with the gaming sector as a good option.
“Today we see the struggle that the government has to find new sources of income to equalize the country's economy. So, we try to present gaming regulation not as the solution to the whole problem, but as yet another source of good, lawful and important income for job creation and revenue for next year. This is a time when the government is starting to work out ways to cover the budget gap and a good time to raise awareness about the importance of gambling regulation,” comments André Feldman.
Like other international casino groups, Caesars is one that is following the process of legalizing gambling in Brazil. The company has visited the country several times and expressed interest in making investments of US$ 1.7bn with the construction of large casino complexes integrated with hotel, shopping center, restaurants and concert halls in major Brazilian cities such as Rio de Janeiro, Sao Paulo, Salvador and Brasilia.
Source: Exclusive GMB
